BURLINGTON AND MINOT, ND – Five years after a devastating Souris River flood, Beyond Shelter Inc., the Minot Housing Authority and North Dakota Housing Finance Agency co-hosted celebrations that demonstrated the resiliency of area communities, dedicating an affordable and family-friendly housing project in Burlington and Minot apartments for seniors with limited incomes.
“The development resources NDHFA manages are used to create homes and being able to afford ‘home’ is crucial to the well-being of North Dakotans at every income level,” said Jolene Kline, NDHFA executive director.
The Willows is a townhome development intended to provide housing for individuals employed in lower-wage positions in Burlington and surrounding communities. The $8.26 million project received $3 million in development support from the Housing Incentive Fund.
More than $6 million in equity provided by a federal Low Income Housing Tax Credit program allocation and $600,000 from HIF helped ensure the affordability of Cook’s Court, a $7 million project.
NDHFA administers both the HIF and LIHTC programs.
“A cooperative effort is required to successfully address community needs,” said Dan Madler, BSI CEO. “The development resources provided by NDHFA, our partnership with the MHA, Ward County, and the Cities of Burlington and Minot made our work possible.”
Ward County provided The Willows with $2.75 million from the Community Development Block Grant-Disaster Recovery program for project construction and $3.55 million for site acquisition and site and street improvements. The project’s construction and permanent financing was provided by Bremer Bank, N.A.
The City of Minot provided Cook’s Court with $1.82 million from the CDBG-DR program for site acquisition and site and street improvements. Wells Fargo Affordable Housing CDC capitalized the federal tax credits. Project construction financing was provided by Wells Fargo Bank, N.A.
The CDBG-DR program is administered by the state’s Department of Commerce Division of Community Services.
The Willows is located at 304-382 Riverwood Drive in Burlington. A mix of two-, three- and four-bedroom units, the townhomes rent for $697 to $895 per month depending on household income and size. Eight of the units are reserved for Essential Service Workers, lower-wage government and medical facility employees.
Cook’s Court is located at 1810 2nd Street SE, Minot. The apartment-style development has one- and two-bedroom units for households age 55 and older. The property will have an on-site activity service coordinator and Noon meals will be provided through the local Senior Meals Program. The units rent for $337 to $650 depending on household income and size.
The rents at both Cook’s Court and The Willows are set below the current Housing Choice Voucher program payment standard limit. This is significant as MHA reports that households it has issued vouchers to have a hard time finding apartments that are within the payment standard. MHA manages the developments, (701) 852-0485.
The Willows and Cook’s Court are the fourth and fifth affordable housing projects in Ward County constructed by BSI since the 2011 Souris River Flood. Other projects include Washington Townhomes I and II completed in 2013 and 2014, and Fieldcrest in 2015, all in Minot. Phase one of BSI’s Sunset Ridge development is currently under construction in NW Minot. Madler anticipates that the project will be completed by this fall. If the nonprofit developer is able to secure the financing needed, it will break ground on a second phase next spring.